Investment bank Piper Jaffray said Tuesday it believes Apple is readying new iPod and notebook products that will apply downward pressure to profit margins because they'll be priced more affordably, such as 13-inch MacBook that will fetch less than $1000.
"We believe there is an 80% chance Apple will introduce redesigned MacBooks and possibly new MacBook Pros at lower price points," he wrote. "Specifically, Apple may re-enter the $999 price point (currently $1099) with the MacBook, or test the $1,799 price point with the MacBook Pro (currently $1999)."
The Piper Jaffray analyst reiterated his Buy rating and $250 price target on shares of Apple.
Cupertine California—July 21, 2008—Apple today announced financial results for its fiscal 2008 third quarter ended June 28, 2008.
Apple shipped 2,496,000 Macintosh computers during the quarter, representing 41% unit growth and 43% revenue growth over the year-ago quarter. The Company sold 11,011,000 iPods during the quarter, representing 12% unit growth and 7% revenue growth over the year-ago quarter. Quarterly iPhone units sold were 717,000 compared to 270,000 in the year-ago-quarter.
The Company posted revenue of $7.46 billion and net quarterly profit of $1.07 billion, or $1.19 per diluted share. These results compare to revenue of $5.41 billion and net quarterly profit of $818 million, or $.92 per diluted share, in the year-ago quarter. Gross margin was 34.8%, down from 36.9% in the year-ago quarter. International sales accounted for 42% of the quarter’s revenue.
During Java instalation there was sample programm installed. It is called HelloJava. It is a bit more complicated than basic console HelloWorld-type application, that we tried to compile and run during this tutorial. HelloJava uses gui and SQLite. It uses several classes, that are bridges to IPhone's functionality (GUI, sound, SQL, etc). But all that it does is it reads contacts' first and last names from IPhone's database (throught SQL select statement) and shows them on the screen in GUI mode. It also produses simple sound in the end.
Here is a screenshot of the icon and application itself: